In an effort to avoid arbitration, the Tampa Bay Rays have reportedly worked out a deal with American League Cy Young Award winner David Price. The deal has not been formally announced, but a source close to the situation has noted that the deal is worth just north of $10 million.
The 27-year old Price made $4.35 million in 2012, and was arbitration-eligible for a second time due to his "Super Two" classification. Below is the MLB ruling on the classification:
Players who have at least three years, but fewer than six of Major League service time, are eligible to file for arbitration. But players in the top 17 percent, based on service time with at least two but fewer than three years of service, are eligible for arbitration under the "Super Two" status.
The rule states that a player must have at least 86 days of service in the immediately preceding season to qualify for this status. Typically, the cut-off for the top 17 percent has been around two years, 130 days of total service, though the days fluctuate from year to year.
In 2012, Price went 20-5 with a 2.56 ERA. He will be eligible for free agency following the 2015 season.
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